Recall that in the U.S. - COOL arbitration proceeding over the amounts of suspension of concessions:
Canada asked for $2.41 billion in retaliation; the U.S. has countered with $43.22 million. ... Mexico wants $713 million; the U.S. countered with $47.55 million
The Arbitrator's decision is out today, and the amounts are, not surprisingly, in between what the parties were arguing for:
6.81. Based on our calculation, the level of nullification or impairment for Canada amounts to CAD 1,054.729 million annually.
6.82. Based on our calculation, the level of nullification or impairment for Mexico amounts to USD 227.758 million annually.
No doubt there is some interesting reasoning to get to in the decision, but turning to more practical concerns, what happens now? Does the U.S. repeal the measure completely and come into compliance? Does it pass a replacement measure, using "voluntary" labelling, that some believe will bring the U.S. into compliance, but others think will lead to continued non-compliance? Does it do nothing and accept the retaliation?
